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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Boise, Idaho | ||
| Data | Boise, ID | Nationwide |
|---|---|---|
| Population | 237.76 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 0.1406% | 0.5% |
| Median Household Income | $119,915 | $74,580 |
| Median Age | 38.38 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $8.14 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With Boise's estimated average household income for 2023 at $119,915 and a median household income of $80,556, the financial backdrop of the city supports investments in home services franchises, which can encompass landscaping, cleaning, and renovations. The projected growth of household income by 2028 to $126,970 further reinforces the potential success of these services as residents may have more discretionary spending. Considering that 66.8% of housing units are owner-occupied, and the median home value is $473,908, homeowners are likely to invest in maintaining and upgrading their properties, presenting a robust opportunity for home service franchises.
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Entertainment franchises could find a welcoming market in Boise, given the $468.11 million annual expenditure on entertainment. With a population density of 2,798 people per square mile and a trade area size of 85.0 square miles, there is a concentrated market that could support entertainment venues such as family fun centers or escape rooms, which could serve as popular local destinations.
Lastly, the food industry cannot be overlooked in Boise, with a substantial annual food and beverage expenditure of $1.18 billion. This indicates a high demand for dining and grocery options, suggesting room for growth in food franchises. The prevalence of 2-person households, which make up 34.4% of all households, may indicate a trend towards convenience dining, further bolstering the case for fast-casual or quick-service restaurant franchises that cater to small families or working professionals. Additionally, the presence of 12,241 businesses suggests potential for lunchtime clientele for food franchises located near business districts.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Boise, Idaho Franchise Opportunities (and Businesses for Sale)
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